RRG Charts – World Indices Short Term Update

Rajandran RJanuary 29, 2017

RRG Charts with benchmark index S&P500 suggests that short term outperformance from major world indices like BSE Sensex, Hangseng, Brazil Bovespa could fade out in the upcoming trading sessions as the relative momentum started falling down and possiblities of shifting from leading to weakening quadrant. FTSE and SSEC could underperform in the short term.

Nikkei is gathering momentum but still prevails in the lagging quadrant. Pick up in both relative momentum and relative strength could bring outperformance.